# PPP loan: PARAMOUNT MACHINE COMPANY INC.
> **$1.61M** approved 02/04/2021 · Paid in Full · Loan `3334728401`
## Borrower
- **Name:** PARAMOUNT MACHINE COMPANY INC.
- **Address:** 138 Sanrico Dr, Manchester, CT, 06042-9008
- **NAICS:** 336412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.61M
- **Utilities:** $1
- **Jobs reported:** 82
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*